Riyadh – Mubasher: Najran Cement Company registered net profits after Zakat and tax worth SAR 129.51 million during the first nine months of 2021, a 7.5% year-on-year (YoY) rise from SAR 120.48 million.

Earnings per share inched up to SAR 0.76 at the end of September 2021 from SAR 0.71 in the same period last year, according to the initial financial results on Tuesday.

Sales went up 1% YoY to SAR 441.89 million in January-September 2021 from SAR 436.78 million.

In the third quarter (Q3) of 2021, Najran Cement posted lower net profits by 23.9% at SAR 36.06 million from SAR 47.41 million in Q3-20.

Sales also decreased by 20.8% YoY to SAR 125.88 million in Q3-21 from SAR 158.95 million.

On a quarterly basis, the net profits in Q3-21 were 10% higher than SAR 32.71 million in Q2-21, while the sales decreased by 4% from SAR 131.57 million.